Today: September 27, 2024
Today: September 27, 2024

Latest From Reuters

Business|Economy|Finance

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million

-U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets inTexas and New Mexico to Permian Resources for about $818 million, as it plans to cut down

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million
Asia|Business|Economy

Country Garden liquidation hearing adjourned to January next year, court says

A Hong Kong court on Monday adjourned a hearing into a petition seeking liquidation of Country Garden until Jan. 20, 2025, giving a breather to the

Country Garden liquidation hearing adjourned to January next year, court says
Asia|Business|Economy|Finance

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units

Shares of China Evergrande New Energy Vehicle fell 7% in Monday morning trade after individual creditors of two of its units sought court approval for the units to go through

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units
Economy|Finance

Australia's banking regulator says it will not ease home lending rules

Australia's banking regulator on Monday said it would retain its strict home loan lending rules amid concern that the level of overall risk to the financial system remained elevated

Australia's banking regulator says it will not ease home lending rules
Business|Economy|Finance

US home insurers suffer biggest loss of century in 2023

U.S. home insurers suffered their worst underwriting loss this century in 2023, as a toxic mix of natural disasters, inflation and population growth in at-risk areas put a vital financial

US home insurers suffer biggest loss of century in 2023
Asia|Business|Economy

Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids

Chinese automotive glass maker Fuyao Glass Industry Group said the United States government agencies searched its subsidiary on July 26 in Ohio as part of an ongoing investigation

Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids
Economy|Europe

Being boring key to central bank success says SNB's Jordan

Central banking is not boring, although being prepared to carry the label is perhaps the key to success, departing Swiss National Bank Chairman Thomas Jordan said on Saturday.

Being boring key to central bank success says SNB's Jordan
Australia|Business|Economy

Australia signs $1.4 billion deal to upgrade navy submarines

Australia said on Saturday it had signed a A$2.2 billion ($1.4 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy's Collins class submarines.

Australia signs $1.4 billion deal to upgrade navy submarines
Asia|Business|Economy

China's H1 industrial profits rise 3.5% y/y

Profits at China's industrial firms rose 3.5% in the first half of 2024 compared with the same period in 2023, official data showed on Saturday.

China's H1 industrial profits rise 3.5% y/y
Asia|Economy

China's industrial profits post faster gains in June despite faltering economy

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky

China's industrial profits post faster gains in June despite faltering economy
Americas|Economy|Finance

Biden will announce Supreme Court reform plans on Monday, Politico reports

U.S.

Biden will announce Supreme Court reform plans on Monday, Politico reports
Economy|Finance

Yellen says Japan explained 2022 FX intervention, Nikkei reports

U.S. Treasury Secretary Janet Yellen said Japan had explained its intervention into the currency market in 2022, the Nikkei Business daily reported on Saturday.

Yellen says Japan explained 2022 FX intervention, Nikkei reports
Asia|Economy

Japan touts G20 reaffirmation of forex commitments as key achievement

Japan sees the reaffirmation in the latest G20 joint communique of existing commitments against excessive foreign exchange volatility as one of the major

Japan touts G20 reaffirmation of forex commitments as key achievement
Americas|Economy|Environment

Brazil seeks support for tropical forest preservation fund

Brazil is gathering support from other countries for the creation of a fund that will send resources to nations with tropical forests in order to preserve them, Finance

Brazil seeks support for tropical forest preservation fund
Business|Economy|Finance

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports

Former Starbucks chief executive, Howard Schultz, is opposing a potential settlement between the coffee chain and activist investor Elliott Investment Management, the Financial Times

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports
Crime|Economy|Finance

The trades that could bring down short-seller Andrew Left

U.S. authorities filed criminal and civil charges against Andrew Left, a prominent face of the activist short-selling industry, alleging he had for years manipulated the market and

The trades that could bring down short-seller Andrew Left
Business|Economy

Baker Hughes sees lower North America activity; bets on foreign demand

Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in

Baker Hughes sees lower North America activity; bets on foreign demand
Economy|Europe

ECB's Schnabel still sees tough 'last mile' in inflation fight

The European Central Bank still faces a tough "last mile" in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member

ECB's Schnabel still sees tough 'last mile' in inflation fight
Business|Economy

Chile's Codelco says output falls 8% in first half of 2024

Chile's Codelco, the world's largest copper producer, on Friday posted a 8.4% drop in output for the first half of 2024 compared with the

Chile's Codelco says output falls 8% in first half of 2024
Business|Economy|Finance

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal

WesBanco has agreed to buy smaller rival Premier Financial in an all-stock deal valued at $959 million, the lenders said on Friday, offering another sign of growing consolidation in the

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal
Business|Economy|Finance

India's central bank fines Visa for unauthorised payment method

The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank

India's central bank fines Visa for unauthorised payment method
Economy|Finance

INSTANT VIEW: US inflation rises moderately in June

U.S. prices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September.

INSTANT VIEW: US inflation rises moderately in June
Economy|Europe

Russia's central bank governor Nabiullina on rates, economy and banks

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a press conference on Friday after the central bank raised its key rate to 18%.

Russia's central bank governor Nabiullina on rates, economy and banks
Economy|Finance|Stock Markets

Global equity funds draw fifth weekly inflow on earnings hopes

Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a still-strong second-

Global equity funds draw fifth weekly inflow on earnings hopes
Business|Economy|Finance

Insurer Mapfre buoyed by US recovery and fewer natural disasters

Spanish insurer Mapfre said on Friday its first-half net profit jumped thanks to fewer and more benign natural disasters and a turnaround in its car insurance business in the United States

Insurer Mapfre buoyed by US recovery and fewer natural disasters

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